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Income Taxes | 12 Months Ended
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Dec. 31, 2022
Net deferred tax assets and liabilities [abstract] |
Income Taxes | NOTE 14. INCOME TAXES The provision for income taxes differs from that which would be expected by applying statutory Canadian income tax rates. A reconciliation of the difference for the years ended December 31, is as follows:
|  | 2022 |  |  | 2021 |
Loss before income taxes |  | $ | (14,143 | ) |  | $ | (182,782 | )
Federal and provincial statutory rates |  |  | 24 | % |  |  | 24 | %
Tax at statutory rates |  | $ | (3,394 | ) |  | $ | (43,868 | )
Adjusted for the effect of: |  |  |  |  |  |  |  |
Non-deductible expenses |  |  | 1,146 |  |  |  | 1,162 |
Non-taxable capital gains |  |  | (379 | ) |  |  | (257 | )
Impact of foreign tax rates |  |  | (2,559 | ) |  |  | (1,474 | )
Withholding taxes |  |  | 1,026 |  |  |  | 937 |
Taxes related to prior years |  |  | 1,718 |  |  |  | (1,467 | )
Tax assets not recognized |  |  | 22,592 |  |  |  | 37,924 |
Other |  |  | — |  |  |  | 1,647 |
Income tax expense (recovery) |  | $ | 20,150 |  |  | $ | (5,396 | )
The net deferred tax liability is comprised of the tax effect of the following temporary differences:
|  | 2022 |  |  | 2021 |
Deferred tax liability: |  |  |  |  |  |  |  |
Property, plant and equipment and intangibles |  | $ | 364,278 |  |  | $ | 359,383 |
Debt issue costs |  |  | 1,303 |  |  |  | 1,457 |
Partnership deferrals |  |  | 21,768 |  |  |  | 11,082 |
Other |  |  | 6,284 |  |  |  | 6,221 |
|  |  | 393,633 |  |  |  | 378,143 |
Offsetting of assets and liabilities |  |  | (364,687 | ) |  |  | (365,924 | )
|  | $ | 28,946 |  |  | $ | 12,219 |
Deferred tax assets: |  |  |  |  |  |  |  |
Losses (expire from time to time up to 204 2 ) |  | $ | 318,967 |  |  | $ | 340,406 |
Long-term incentive plan |  |  | 36,542 |  |  |  | 14,264 |
Other |  |  | 9,633 |  |  |  | 12,121 |
|  |  | 365,142 |  |  |  | 366,791 |
Offsetting of assets and liabilities |  |  | (364,687 | ) |  |  | (365,924 | )
|  | $ | 455 |  |  | $ | 867 |
The Corporation has loss carry forwards in the U.S. and certain international locations and capital loss carry forwards in Canada and other deductible temporary differences in certain international locations for which it is unlikely that sufficient future taxable income will be available. Accordingly, the Corporation has not recognized a deferred tax asset for the following items:
|  | 2022 |  |  | 2021 |
Tax losses (Capital) |  | $ | 29,255 |  |  | $ | 29,363 |
Tax losses (Income) |  |  | 134,588 |  |  |  | 96,671 |
Deductible temporary differences |  |  | 5,224 |  |  |  | 4,153 |
Total |  | $ | 169,067 |  |  | $ | 130,187 |
The movement in temporary differences is as follows:
|  | Property, Plant and Equipment and Intangibles |  |  | Partnership Deferrals |  |  | Other Deferred Tax Liabilities |  |  | Losses |  |  | Debt Issue Costs |  |  | Long-Term Incentive Plan |  |  | Other Deferred Tax Assets |  |  | Net Deferred Tax Liability |
Balance, December 31, 2020 |  | $ | 393,631 |  |  | $ | 2,532 |  |  | $ | 6,322 |  |  | $ | (370,439 | ) |  | $ | 2,665 |  |  | $ | (4,956 | ) |  | $ | (9,617 | ) |  | $ | 20,138 |
Recognized in net earnings (loss) |  |  | (32,562 | ) |  |  | 8,550 |  |  |  | (99 | ) |  |  | 28,528 |  |  |  | (1,208 | ) |  |  | (9,291 | ) |  |  | (2,517 | ) |  |  | (8,599 | )
Foreign exchange |  |  | (1,686 | ) |  |  | — |  |  |  | (2 | ) |  |  | 1,505 |  |  |  | — |  |  |  | (17 | ) |  |  | 13 |  |  |  | (187 | )
Balance, December 31, 2021 |  | $ | 359,383 |  |  | $ | 11,082 |  |  | $ | 6,221 |  |  | $ | (340,406 | ) |  | $ | 1,457 |  |  | $ | (14,264 | ) |  | $ | (12,121 | ) |  | $ | 11,352 |
Recognized in net earnings (loss) |  |  | (10,047 | ) |  |  | 10,686 |  |  |  | 51 |  |  |  | 33,827 |  |  |  | (154 | ) |  |  | (21,583 | ) |  |  | 3,008 |  |  |  | 15,788 |
Foreign exchange |  |  | 14,942 |  |  |  | — |  |  |  | 12 |  |  |  | (12,388 | ) |  |  | — |  |  |  | (695 | ) |  |  | (520 | ) |  |  | 1,351 |
Balance, December 31, 2022 |  | $ | 364,278 |  |  | $ | 21,768 |  |  | $ | 6,284 |  |  | $ | (318,967 | ) |  | $ | 1,303 |  |  | $ | (36,542 | ) |  | $ | (9,633 | ) |  | $ | 28,491 |

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